Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Work-in-process inventory, July 1 (35,500 units): Direct materials (96% completed) Conversion (47% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (96% completed) Conversion (47% completed) Cost incurred during July: Direct materials Conversion costs $123,000 77,450 $200,450 86,500 96,800 25, 200 $186,000 266,500 The cost of goods completed and transferred out under the weighted-average method is calculated to be: (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Multiple Choice $103,159. $630,450. $553,696. $570,210. $579,960